Travis took out a six-year loan with a principal of $15,000. he made monthly payments of $225 for the entire period, at which point the loan was paid off. how much did travis pay in interest? a. $1,200 b. $1,350 c. $800 d. $0
Travis Took Out A Six-Year Loan With A Principal Of $15,000. He Made Monthly Payments Of $225 For The Entire Period, At Which Point The Loan Was Paid Off. How Much Did Travis Pay In Interest? A. $1,200 B. $1,350 C. $800 D. $0
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Travis Took Out A Six-Year Loan With A Principal Of $15,000. He Made Monthly Payments Of $225 For The Entire Period, At Which Point The Loan Was Paid Off. How Much Did Travis Pay In Interest? A. $1,200 B. $1,350 C. $800 D. $0. He made monthly payments of $225 for the entire period, at which point the loan was paid off. He made monthly payments of 225 for the entire period, at which point the loan was paid off.
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He made monthly payments of 225 for the entire period, at which point the loan was paid off. Travis took out a 6 year loan with a principal of $15,000. The principal amount (loan amount) is $15,000.
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First, calculate the total number of payments by multiplying the number of years by the number of months in a year: 6 \times 12 = 72 payments. He made monthly payments of $225 for the entire period, at which point the loan was paid off.
Then, Calculate The Total Amount.
He made monthly payments of $225 for the entire period, at which point the loan was paid off. He made monthly payments of 225 for the entire period, at which point the loan was paid off. He made monthly payments of 225 for the entire period, at which point the loan was paid off.
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In this question, we will find out how much travis paid in interest. To calculate the total amount paid in interest, we will first find out the total amount travis paid over six years and then. Travis took out a 6 year loan with a principal of $15,000.
The Total Amount Paid By Travis Can Be Calculated By Multiplying The Monthly Payment By The.
The principal amount (loan amount) is $15,000. This was calculated by finding the total amount paid after making monthly payments of $225 for 72. How much did travis pay in.
To Find Out How Much Interest Travis Paid On His Loan, We Start By Determining The Total Amount He Paid Over The Six Years.
